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Management teams always have an incentive
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Steinheist

Management teams alwayshave an incentive to boost their share price toshow higher and...

Management teams always
have an incentive to boost their share price to
show higher and growing profits

Full Transcript

00:00:01.000 --> 00:00:03.879
Management teams always have an incentive
00:00:03.088 --> 00:00:06.879
to boost their share price to show higher and growing profits.
Duration
7 seconds
Views
22
Timestamp in Movie
00:38:32
Uploaded
Apr 29, 2025
Season
1
Episode
2
Genres
documentary, crime
Production
IdeaCandy

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Movie Summary

The biggest corporate scandal in South African history, the fall of Steinhoff led to a loss of R200 billion. Steinheist untangles the story: the investors who were taken in; the victims and the CEO, Markus Jooste, who's still a fr...
S01 • E01 Markus had invested hundreds of millions of rands in horses. - Steinheist 00:15
Markus had invested hundreds of millions of rands in horses.
S01 • E03 And my discussion with Dr Wiese and the legal advisers - Steinheist 00:18
And my discussion with Dr Wiese and the legal advisers
S01 • E02 And I think it was Warren Buffett who said that a management team - Steinheist 00:09
And I think it was Warren Buffett who said that a management...
S01 • E02 I'm probably a sceptic at heart. - Steinheist 00:25
I'm probably a sceptic at heart.
S01 • E01 And even mid-level managers were driven around Stellenbosch - Steinheist 00:17
And even mid-level managers were driven around Stellenbosch
S01 • E03 And I made it very clear that if that is not the way the board would want to go, - Steinheist 00:10
And I made it very clear that if that is not the way the boa...
S01 • E03 We know the numbers which Christo reportedly lost - Steinheist 00:07
We know the numbers which Christo reportedly lost
S01 • E01 By and large, I think Stellenbosch was very much taken - Steinheist 00:10
By and large, I think Stellenbosch was very much taken
S01 • E03 What about you and your family trust and everything else? - Steinheist 00:04
What about you and your family trust and everything else?
S01 • E03 On what day do you want to take the share price? The day before the collapse? - Steinheist 00:05
On what day do you want to take the share price? The day bef...
S01 • E02 But in addition to that, a hedge fund seeks shares - Steinheist 00:08
But in addition to that, a hedge fund seeks shares
S01 • E01 I think they kind of grinned and beared the crass way - Steinheist 00:18
I think they kind of grinned and beared the crass way
S01 • E03 Don't get now disingenuous. On the day of the collapse. - Steinheist 00:05
Don't get now disingenuous. On the day of the collapse.
S01 • E02 And in that way, a hedge fund tries to make money - Steinheist 00:08
And in that way, a hedge fund tries to make money
S01 • E03 Then it is roughly about R3 billion. - Steinheist 00:04
Then it is roughly about R3 billion.
S01 • E03 I would imagine that if I was going to be losing R3 billion, - Steinheist 00:15
I would imagine that if I was going to be losing R3 billion,
S01 • E01 They didn't really query Jooste. - Steinheist 00:15
They didn't really query Jooste.
S01 • E02 In horse racing, people generally bet on the horse they think will win. - Steinheist 00:06
In horse racing, people generally bet on the horse they thin...
S01 • E03 You literally, with all due respect, sir, threw your toys out the cot. - Steinheist 00:05
You literally, with all due respect, sir, threw your toys ou...
S01 • E02 However, you can also bet on that horse losing the race. - Steinheist 00:06
However, you can also bet on that horse losing the race.